Tag Archives: risk

Risk

Bernstein’s book, Against the Gods, takes the reader on a remarkable historical journey on the identification and management of risk. Risk involves uncertainty and lack of control about negative unforeseen events. For example, when one buys a house, will it increase or decrease in value? That question is ultimately about risk as no one, short of God, can know for certain the answer to that question. So a buyer must make an educated and informed assessment regarding the likelihood of losing or gaining money on the purchase. Interestingly, the bible has much to say about risk.

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